伟星股份(002003) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥4,674,423,150.74, representing a 19.66% increase compared to ¥3,906,516,069.15 in 2023[23]. - The net profit attributable to shareholders for 2024 was ¥700,334,527.42, up 25.48% from ¥558,105,046.28 in 2023[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥688,494,912.79, reflecting a 29.09% increase from ¥533,324,901.77 in 2023[23]. - The net cash flow from operating activities increased by 58.50% to ¥1,089,909,099.97, compared to ¥687,641,862.72 in 2023[24]. - Basic earnings per share for 2024 were ¥0.60, a 13.21% increase from ¥0.53 in 2023[24]. - Total assets at the end of 2024 amounted to ¥6,290,303,928.28, a 4.32% increase from ¥6,029,679,625.58 at the end of 2023[24]. - The net assets attributable to shareholders at the end of 2024 were ¥4,354,358,631.63, showing a slight increase of 0.12% from ¥4,349,140,948.63 at the end of 2023[24]. Market Strategy and Expansion - The company is focusing on expanding its market presence in the mid-to-high-end apparel sector, driven by increasing consumer demand for quality and environmentally friendly products[7]. - International business revenue grew by over 30% year-on-year, driven by the company's global strategy[44]. - Revenue from other apparel accessories increased by 41.92% year-on-year, primarily due to rapid growth in webbing and other product sales[50]. - The company is actively seeking new market opportunities to mitigate the impact of economic challenges[109]. - The company is planning to expand its overseas production capacity, focusing on its operations in Bangladesh and Vietnam[67]. Challenges and Risks - The company acknowledges risks from macroeconomic conditions, international trade uncertainties, and rising production costs, which may impact future performance[7]. - The company is facing challenges due to weak terminal demand and intensified competition in the accessories market, particularly in the mid-to-low-end product segment[31]. - Rising production costs due to high raw material prices and labor costs pose a significant risk to the company's operations[108]. - The company anticipates risks from macroeconomic downturns affecting consumer demand, particularly in the apparel and accessories sectors[107]. Research and Development - R&D investment increased by 13.04% to ¥180,635,486.86 in 2024, accounting for 3.86% of operating revenue[76]. - The number of R&D personnel increased by 1.98% to 720, with a notable rise in master's degree holders by 42.86%[75]. - The company completed several key R&D projects, including the development of high-performance water-based coatings and flexible coatings, enhancing product competitiveness[74]. - The company is committed to enhancing its core competitiveness and risk resilience through improved R&D and smart manufacturing capabilities[109]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[190]. - The company complies with multiple environmental protection laws and regulations, including the Environmental Protection Law and the Air Pollution Prevention and Control Law, among others[190]. - The company has implemented various environmental protection standards, such as the Comprehensive Wastewater Discharge Standard and the Atmospheric Pollutants Comprehensive Discharge Standard[192]. - The company has established a management plan for hazardous waste and maintains a monitoring system for environmental compliance[192]. - The company invested approximately 26.6992 million yuan in environmental governance and protection in 2024[199]. Corporate Governance - The company has established a sound corporate governance structure that operates independently from its controlling shareholders[123]. - The company has an independent financial department with a complete accounting system and does not share accounts with its controlling shareholders[122]. - The company has established a market value management system to protect the interests of investors and stakeholders[116]. - The company has maintained a consistent and stable profit distribution policy, ensuring that minority shareholders have opportunities to express their opinions and that their rights are protected[162]. Dividend Policy - The company plans to distribute a cash dividend of ¥3.00 per 10 shares, based on a total share capital of 1,168,889,653 shares[8]. - The total cash dividend for 2024 is proposed to be 3.00 CNY (including tax) for every 10 shares, with a total cash dividend amounting to 350,666,895.90 CNY, which represents 83.46% of the net profit attributable to shareholders for the year[168]. - The company has a sustainable profit distribution policy that considers profitability, operational needs, and reasonable returns to investors[160]. Employee Engagement and Compensation - The total number of employees at the end of the reporting period is 10,055, with 6,014 in the parent company and 4,041 in major subsidiaries[152][155]. - The company has established a performance evaluation and compensation management system, adhering to principles of merit-based rewards and differentiated compensation policies[156]. - The total remuneration for directors, supervisors, and senior management in 2023 amounted to CNY 13.26 million[141]. - The company has implemented a long-term incentive mechanism through phased stock option plans to enhance employee motivation and creativity[156]. Future Outlook - The company plans to achieve an operating income of CNY 5.00 billion in 2025, with total operating costs controlled at around CNY 4.25 billion[105]. - Future guidance suggests a strong outlook for growth, driven by new product launches and technological advancements[113]. - The company is exploring strategic mergers and acquisitions to bolster its competitive advantage in the market[113].